Tds on salary
This query is : Resolved
14 January 2014
I get salary every month and the salary exceeds the basic exemption limit..but i do not pay tds monthly its cut annually i.e in the end..so is this right?
and if the tds in cut in the end at once will i be charged interest of any sort?
and if the tds in cut in the end at once will i be charged interest of any sort?
14 January 2014
No interest is payable if TDS is deducted in the end...But better practice is to allocate on a monthly basis..
Employer is responsible to deduct it why you are bother for it.
Employer is responsible to deduct it why you are bother for it.
14 January 2014
Hi,
It is not correct, since it affects cash flow of employee also as pet IT guidelines it is advised to deduct on monthly basis.
Refer Not. 8/2013 of IT act.
Thanks
It is not correct, since it affects cash flow of employee also as pet IT guidelines it is advised to deduct on monthly basis.
Refer Not. 8/2013 of IT act.
Thanks
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